What do all these people do out there that they can afford million dollar houses?
What do all these people do out there that they can afford million dollar houses?
...
Create businesses, create jobs.
What do all these people do out there that they can afford million dollar houses? ............................... Pay 100k for a porta potty on a 10x10 lot?
They overextend themselves tremendously - but when a lender sees the zip code and hears "Employed by Google", their better judgment goes right out the window. :)
They all have 99 year mortgages.
Yes, I’m not making that up. While the rest of the nation operates sanely on 15 or 30 year models housing prices in California are such that banks started 99 year mortgages.
They will never, ever own their homes.
60-year mortgages?